Question # 1

Because of foreign trade, the demand for national/ home products

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Reduces

Increases

Remains normal

Both a and b

If goods are bought from another country for exporting, it is called

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Export trade

Import trade

Entrepot trade

None of these

Because of international trade, the less developed countries make progress:

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Economically

Politically

Stately/republically

None of the above

The document issued by an authorized officer after counting and checking the loaded goods on ship

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Shipping order

Receipt order

Marine insurance

Bill of lading

What does happen after the exchange of goods:

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Development of cordial relations between the countries

More chances of fight or war

Economic crises arise

Scarcity of goods

Due to foreign trade, the less developed countries

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Becomes international slaves

Do not progress

Do not live along

None of these

If goods are bought from another country for exporting, it is called:

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Export trade

Import trade

Entrepot trade

None of these

Who does write the delivery order

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Exporter

Owner of goods at port

Importer's bank

Govt. agent

What is written on the bill of entry of goods

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Quantity and price

Value of insurance

Quality and type

None of the above

How many copies of bill of lading are prepared:

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Two

Three

Four

Five

The document issued by an authorized office after counting and checking the loaded goods on ship:

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Shipping order

Receipt of mate

Marine insurance

bill of lading

In case of emergency, foreign trade makes the supply of goods

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Easy

Difficult

Unimportant

Important

What is written on the bill of entry of goods:

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Quantity and price

Value of insurance

Quality and type

None of the above

How many copies of bill of lading are prepared

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Two

Three

Four

Five

Due to foreign trade, the less developed countries:

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Becomes international slaves

Do not progress

Do not live alone

None of these

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Principle of Commerce Icom Part 1 English Medium Chapter 12 Online Test MCQs With Answers

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